Iberdrola

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Iberdrola, with over 550 charging points for electric buses with power ratings between 100 and 360 kW, looks to expand network

The Spanish electricity company has announced that it is contributing to the daily recharging of more than 550 electric buses and expects to continue helping to decarbonise more vehicles in the coming months, according to the Bolsamania.com portal. The commitment is part of the company’s Sustainable Mobility Plan and pursues its goal of achieving more sustainable cities, free of carbon emissions thanks to the supply of energy with guaranteed 100%…


Avangrid

Iberdrola launches takeover bid to acquire 100% of US subsidiary Avangrid

Iberdrola has decided to launch a takeover bid to acquire the 18.4% stake in Avangrid, its subsidiary in the United States, which it does not yet own, for some $2,486 million, as announced to the CNMV (Spanish Securities and Exchange Commission). IBE is offering a cash price of $34.25 per share, representing an implied premium of approximately 10% over the volume-weighted average share price (VWAP) of the shares during the…


Iberdrola edificio

Iberdrola to provide green energy to all Alcampo centres in Spain through a PPA

Link Securities | The company announced yesterday that it has teamed up with Alcampo to supply green energy to all hypermarkets and supermarkets in Spain through a long-term power purchase agreement (PPA), according to Europa Press. Specifically, the Spanish energy company will provide the retail giant with 3,740 GWh, equivalent to the consumption of 62,000 Spanish families per year, through several of its photovoltaic installations for eleven years. The energy…


Iberdrola guapa

Abu Dhabi renewables group Masdar reportedly considering acquiring stake in Iberdrola’s renewables assets

Link Securities | Masdar, the Abu Dhabi Emirate’s renewables group, is considering acquiring a stake in Iberdrola’s (IBE) renewable assets in the United States, according to Expansión. It would be a first move following the deal sealed last December, when the two groups agreed on an alliance to analyse investment opportunities valued at €15 billion. The initial agreement contemplated investments in offshore wind and hydrogen projects in several countries, including…


Iberdrola guapa

Wind power supply chain improves and auctions could set cycle highs in IRR>WACC spread, good news for Iberdrola

Morgan Stanley | The team reviews the offshore wind segment for which they expect we will see inflection points in 2024. The team believes the problems seen in 2023 were not structural, so they expect the auctions planned for 2024 (57GW) could mark cycle highs in IRR>WACC spread… and become positive catalysts for their winners. The supply chain environment has also improved, with an increase in unit capex combined with…


Iberdrola Avangrid

Iberdrola US subsidiary Avangrid pulls out of alliance with PNM Resources

Avangrid, Iberdrola’s US subsidiary, announced on Tuesday that it is terminating its merger agreement with PNM Resources due to non-compliance with the conditions set for the closing of the transaction.In this way, the group chaired by Ignacio Sánchez Galán renounces what was its big move to create an energy ‘giant’ in the United States with a market value after the merger of more than $20,000 million dollars (about €18,140 million)….


iberdrola offshore

Iberdrola signs largest-ever loan, €5.3 billion, with 33 banks

Link Securities| The company has signed the largest credit line in its history, for €5.3 billion, with 33 financial institutions, according to the business and financial daily Expansión. The loans, which will be used to refinance debt and boost new investments, are linked to a reduction in emissions and an increase in the percentage of women in senior positions. The credit line has a duration of five years, with the…


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Iberdrola, through ScottishPower, awards first contracts for £1.8 billion high-capacity undersea cable project

Alphavalue/DIVACONS| The Spanish utility, through its UK distribution subsidiary ScottishPower Energy Networks, has awarded the first contracts worth £1.8 billion for its high-capacity submarine cable project linking England and Scotland. This project, called Eastern Green Link 1 (EGL1) and built by a consortium formed by ScottishPower Energy Networks and National Grid Electricity Transmission, will consist of a kind of major electricity highway that will connect one of the most important…


iberdrolaTC

Iberdrola wins five-year, €395-million renewables contract with Metro de Madrid

Alphavalue / Divacons| The utility has been awarded the supply of electricity with guaranteed origin from renewable energy sources for Metro de Madrid for a total amount of around €395 million over the next five years. Specifically, the energy company has been awarded the five lots put up for grabs by the Community of Madrid for the high and low voltage supply points of the metro network for the period…


iberdrolacocheelectrico

Iberdrola partners with BP to roll out 11,700 EV charging points by 2030 in Spain and Portugal

Renta 4| The company has announced an agreement with BP through which they will deploy fast-charging points for electric vehicles in Spain and Portugal with renewable sources. A total of 5,000 points will be installed by 2025, and 11,700 points by 2030 for which an investment of €1,000 million will be made. Assessment: Positive news with limited impact. No details have been provided regarding returns on investment, prices or other…